$859,000
PENDING

688 SE Centennial St Bend, OR 97702

Larkspur Neighborhood

Estimated payment $4,884/month

Total Views 2,189
-- Bed
-- Bath
3,256 Sq Ft
$264 Price per Sq Ft

Highlights

  • No Units Above
  • Deck
  • Traditional Architecture
  • Open Floorplan
  • Territorial View
  • 4-minute walk to Kiwanis Park

About This Home

CAP Rate over 6%! Great opportunity to own an excellent investment property in wonderful Bend, Oregon! Three beautiful units - all tastefully remodeled in 2022. Brand new furnaces in all units. Convenient SE Bend location. Close to shopping and other amenities. Beautiful laminate flooring, cabinets, and countertops. Each unit has a garage and a fenced backyard. Lucrative investment! Excellent CAP rate.

Listing Agent

Peggi Schoning

Rogue Real Estate, LLC License #201106096 Listed on: 09/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,703

Year Built

  • Built in 1978

Lot Details

  • 10,019 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Fenced
  • Landscaped
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Territorial Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Dual Flush Toilets
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Assigned Parking

Outdoor Features

  • Deck

Schools

  • Juniper Elementary School
  • Pilot Butte Middle School
  • Bend Sr High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Tenants personal items
  • Legal Lot and Block 02506 / 86
  • Assessor Parcel Number 164723

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Bend Park Subdivision

Building Details

  • Professional Management Expense $5,310
  • Gross Income $70,800
  • Net Operating Income $56,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,703

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Directions: Right off Wilson.
  • Unit Levels: Two
  • Lot Size Acres: 0.23
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Triplex
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: Bend Park
  • Year Built: 1978
  • Total Gross Income: 70800.0
  • Professional Management Expense: 5310.0
  • Co List Office Phone: 541-728-0995
  • MLS Status: Pending
  • General Property Information Elementary School: Juniper Elem
  • General Property Information Middle Or Junior School: Pilot Butte Middle
  • General Property Information High School: Bend Sr High
  • General Property Information:Zoning2: RM
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 02506
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 86
  • Flooring Laminate: Yes
  • Flooring:Tile: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style Traditional: Yes
  • Common Walls No One Above: Yes
  • Common Walls No One Below: Yes
  • Utilities:Electricity Connected: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Utilities Cable Connected: Yes
  • Utilities Phone Connected: Yes
  • Common Walls 2 Common Walls: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater
  • Has Basement: None
  • Flooring: Laminate, Tile
  • Interior Amenities: Ceiling Fan(s), Dual Flush Toilet(s), Open Floorplan, Shower/Tub Combo
  • Window Features: Double Pane Windows, Vinyl Frames
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Oven: Yes
  • Interior Features ShowerTub Combo: Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:Dual Flush Toilet(s): Yes

Exterior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter, Stemwall
  • Lot Features: Fenced, Landscaped, Level
  • Roof: Composition
  • View: Territorial
  • Exclusions: Tenants personal items
  • Patio And Porch Features: Deck
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Double Pane Windows: Yes
  • Patio and Porch Features Deck3: Yes

Garage/Parking

  • Parking Features: Asphalt, Assigned, Attached
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Asphalt: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Cooling: None
  • Heating: Electric, Forced Air
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Forced Air: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Juniper Elem
  • High School: Bend Sr High
  • Middle Or Junior School: Pilot Butte Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 164723
  • ResoLotSizeUnits: Acres
  • Zoning Description: RM

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 56587.0
  • Annual Operating Expense: 8903.0

Tax Info

  • Tax Annual Amount: 4702.75
  • Tax Block: 86
  • Tax Lot: 02506
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,888 $289,290 -- --
2024 $4,703 $280,870 -- --
2023 $4,359 $272,690 $0 $0
2022 $4,067 $257,040 $0 $0
2021 $4,073 $249,560 $0 $0
2020 $3,865 $249,560 $0 $0
2019 $3,757 $242,300 $0 $0
2018 $3,651 $235,250 $0 $0
2017 $3,544 $228,400 $0 $0
2016 $3,380 $221,750 $0 $0
2015 $3,286 $215,300 $0 $0
2014 $3,189 $209,030 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/24/2025 12/24/25 Pending -- -- --
09/23/2025 09/23/25 For Sale $859,000 +90.9% $264 / Sq Ft
08/27/2020 08/27/20 Sold $450,000 -4.1% $138 / Sq Ft View Prior Sale
07/23/2020 07/23/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $469,000 -- $144 / Sq Ft
Source: Oregon Datashare

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 Deschutes County Title Co
Source: Public Records

Source: Oregon Datashare

MLS Number: 220209654

Oregon Datashare

APN: 164723

Oregon Deschutes County Bend 97702 Larkspur

688 SE Centennial St, Bend, OR

Pending

MultiFamily

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Peggi Schoning
Listing Agent
Peggi Schoning
Section Image
Rogue Real Estate, LLC
(458) 455-0099